Bitcoin Nearing $100,000 Milestone as Institutional Demand Soars

Bitcoin is experiencing a surge towards its first new all-time high in months, reaching an intraday peak of $99,434 on Coinbase. The cryptocurrency’s recent rally coincides with the 17-consecutive day inflow of BlackRock’s iShares Bitcoin Trust ETF (IBIT), attracting over $5 billion in fresh investment from institutions. Brown University became the first Ivy League school to disclose an IBIT position last week, further fueling institutional interest.